PNB Gilts Limited (IN:PNBGILTS)
:PNBGILTS
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PNB Gilts Limited
(PNBGILTS)
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Rating:50Neutral
Price Target:
₹73.00
▼(-7.25% Downside)
Action:ReiteratedDate:04/24/26
The score is held back primarily by high balance-sheet leverage and multi-year negative operating/free cash flow, which materially increase financial risk. Mixed technicals (short-term improvement but still below key longer-term moving averages) limit confidence in momentum, while the low P/E provides some valuation support.
Positive Factors
Recovery in profitability and revenue growth
Sustained revenue expansion and a restored ~11% net margin in FY2026 indicate operational improvement and better pricing or mix. If maintained, this boosts durable earnings power, supports reinvestment and deleveraging plans, and improves the company's ability to generate cash over the medium term.
Negative Factors
Very high balance‑sheet leverage
Extremely elevated leverage materially increases funding and solvency risk, amplifying sensitivity to interest-rate moves and market dislocations. Even with some equity growth, such a capital structure limits strategic flexibility, raises refinancing needs, and heightens the chance of distress under adverse conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Recovery in profitability and revenue growth
Sustained revenue expansion and a restored ~11% net margin in FY2026 indicate operational improvement and better pricing or mix. If maintained, this boosts durable earnings power, supports reinvestment and deleveraging plans, and improves the company's ability to generate cash over the medium term.
Read all positive factors
PNB Gilts Limited (PNBGILTS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.69B
Dividend Yield1.25%
Average Volume (3M)43.27K
Price to Earnings (P/E)5.9
Beta (1Y)1.60
Revenue Growth-2.86%
EPS Growth-22.08%
CountryIN
Employees52
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.72
Shares Outstanding180,010,130
10 Day Avg. Volume44,866
30 Day Avg. Volume43,271
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)0.62
Price to Sales (P/S)0.65
P/FCF Ratio-0.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PNB Gilts Limited Business Overview & Revenue Model
Company Description
PNB Gilts Ltd. operates as a primary dealer in government securities in India. The company is involved in underwriting government securities issuances; and trading of fixed income instruments, such as government securities, treasury bills, state d...
How the Company Makes Money
PNB Gilts Limited makes money primarily through activities connected to government securities (G-Secs) and related fixed-income markets. Key revenue streams typically include: (1) Trading income: profits (or losses) from buying and selling governm...
PNB Gilts Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
28
Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.82B | 16.28B | 15.56B | 13.83B | 9.50B | 8.43B |
| Gross Profit | 11.00B | 2.87B | 15.23B | 13.51B | 9.28B | 8.19B |
| EBITDA | 11.96B | 2.44B | 16.27B | 15.26B | 8.89B | 7.22B |
| Net Income | 1.80B | 1.82B | 2.33B | 694.11M | -772.22M | 1.66B |
Balance Sheet | ||||||
| Total Assets | 273.26B | 270.60B | 247.03B | 245.40B | 214.97B | 167.50B |
| Cash, Cash Equivalents and Short-Term Investments | 5.19B | 5.52B | 231.34B | 222.17B | 150.13B | 133.94B |
| Total Debt | 248.43B | 248.84B | 223.84B | 224.03B | 384.81B | 145.33B |
| Total Liabilities | 256.84B | 253.51B | 231.57B | 232.10B | 202.37B | 153.23B |
| Stockholders Equity | 16.42B | 17.10B | 15.45B | 13.30B | 12.60B | 14.27B |
Cash Flow | ||||||
| Free Cash Flow | -24.54B | -19.93B | -1.98B | -28.77B | -46.53B | -45.64B |
| Operating Cash Flow | -24.53B | -19.93B | -1.97B | -28.75B | -46.38B | -45.64B |
| Investing Cash Flow | -5.36M | -8.58M | -9.75M | -10.47M | -144.23M | -6.31M |
| Financing Cash Flow | 24.42B | 24.79B | -378.88M | 31.59B | 46.18B | 46.13B |
PNB Gilts Limited Technical Analysis
Neutral
78.71
Price Trends
74.14
Positive
77.75
Negative
87.86
Negative
Market Momentum
0.20
Negative
59.32
Neutral
92.92
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PNBGILTS, the sentiment is Neutral. The current price of 78.71 is above the 20-day moving average (MA) of 68.05, above the 50-day MA of 74.14, and below the 200-day MA of 87.86, indicating a neutral trend. The MACD of 0.20 indicates Negative momentum. The RSI at 59.32 is Neutral, neither overbought nor oversold. The STOCH value of 92.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PNBGILTS.
PNB Gilts Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹33.34B | 23.71 | ― | 0.92% | 9.70% | 28.71% | |
66 Neutral | ₹14.20B | 15.62 | ― | 0.70% | -4.47% | -59.29% | |
62 Neutral | ₹15.60B | 4.34 | ― | ― | 34.93% | -65.44% | |
61 Neutral | ₹15.71B | 18.43 | ― | ― | -6.16% | -68.64% | |
50 Neutral | ₹12.69B | 5.86 | ― | 1.25% | -2.86% | -22.08% |
* Financial Sector Average
IN:PNBGILTS
PNB Gilts Limited
70.50
-25.03
-26.20%
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28.05%
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72.60%
PNB Gilts Limited Corporate Events
PNB Gilts Clears FY26 Results, Proposes 20% Final Dividend
Apr 20, 2026
PNB Gilts Limited announced that its board has approved the audited financial results for the quarter and year ended March 31, 2026, following a recommendation from the audit committee and receipt of unmodified audit opinions from its joint statut...
PNB Gilts Clears FY26 Results With Clean Audit, Proposes Final Dividend
Apr 20, 2026
PNB Gilts Limited reported that its board has approved the audited financial results for the quarter and year ended March 31, 2026, with joint statutory auditors issuing an unmodified opinion, affirming the reliability of the company’s finan...
PNB Gilts Receives RBI Nod for Appointment of Bibhu Prasad Mahapatra to Board
Jan 30, 2026
PNB Gilts Limited has announced that the Reserve Bank of India has approved the appointment of Bibhu Prasad Mahapatra, Executive Director at Punjab National Bank, as an Additional Director (Non-Executive and Non-Independent) on its board, effectiv...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.